Over 90% of Global Electricity to Be Powered by Renewables by 2050: IRENA
The International Renewable Energy Agency projects that renewables will supply 91% of global electricity by 2050, with solar PV and wind leading the transformation. This forecast highlights the urgent need for large-scale renewable projects and enhanced grid connectivity to support the ongoing energy transition.[1]
China Sets Ambitious Goal: 3.6 TW of Wind and Solar Power by 2035
China announced plans to increase its installed wind and solar capacity to 3,600 GW by 2035, more than six times its 2020 levels, as part of updated Nationally Determined Contributions at the UN Climate Summit. This commitment positions China as a global leader in renewable energy deployment.[1]
U.S. Energy Storage Market Hits Record Quarterly Growth, Projected to Reach 87.8 GW by 2029
The U.S. installed 5.6 GW of energy storage in the second quarter of 2025, with Texas, California, and Arizona each adding over 1 GW. Total U.S. storage capacity is expected to reach 87.8 GW by 2029, though future growth may be affected by evolving battery sourcing regulations.[4]
President Trump Cancels Renewable Energy Projects, Industry Warns of Rising Electricity Prices
President Trump announced plans to cancel wind and solar energy projects, calling them “the scam of the century” and prompting warnings from industry experts about potential energy shortages and higher electricity costs. The move marks a significant regulatory shift that could impact U.S. renewable energy development.[1][11]
UK Renewable Energy Firm Selects Vision AI for Smart Meter Rollout
A leading UK-based renewable energy company partnered with ServicePower to implement Vision AI technology for its smart meter rollout, aiming to streamline installation and enhance grid management. This initiative demonstrates the growing role of artificial intelligence in advancing grid modernization.[3]
Tennessee Valley Authority to Buy Advanced Nuclear Power for Google Data Centers
The Tennessee Valley Authority agreed to purchase electricity from Kairos Power’s small nuclear demonstration reactor, expected to begin operation in 2030, to support Google’s data centers. This marks a milestone in integrating advanced nuclear technologies into grid infrastructure for high-demand applications.[1]
New York State Issues RFP for Expanded Renewable Energy Capacity
The New York State Energy Research and Development Authority has released a request for proposals to accelerate shovel-ready renewable projects, prioritizing those that can leverage expiring federal tax credits. This effort aims to boost clean energy deployment and modernize the state’s grid.